Union power ministry Current Affairs, GK & News

Power ministry: New Rules notified to ensure Sustainability

The ministry of power announced new rules to ensure sustainability in the economic viability of the power sector. Key Points New rules will also ease the financial stress of various stakeholders. It will also ensure timely recovery of costs incurred in the electricity generation. It will promote clean energy for ensuring the suitability and meet ..

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Maharatna Status to Power Finance Corporation

Central Government has given “Maharatna” status to Power Finance Corporation (PFC). PFC has become the 11th state-owned entity in India to enter the Maharatna category. Key Points PFC now joins the ranks of other companies like ONGC, Steel Authority of India Limited (SAIL), BHEL and Indian Oil Corporation. PFC is the largest infrastructure company of India. ..

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Bill to amend Electricity Act sent for consultation

The Union power ministry has sent the proposed Electricity (Amendment) Bill, 2021, for the inter-ministerial consultation. Highlights The bill was also sent to the law and justice ministry for its critical examination and evaluation. After the cabinet approves the bill, it will be introduced in the current session of parliament with the aim of passing ..

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